Recent Posts

About

This Wednesday at 12:45 p.m. ET (9:45 a.m. PT), The Motley Fool's top analysts will be hosting a live blog breaking down what Apple's iPad 3 press conference means for investors. The best part? They'll also be taking any questions you have about the tablet and Apple as an investment. Make sure toset a reminderto come back to Fool.com this Wednesday for all your iPad 3 news and analysis!

Analyst firm Robert W. Baird believes that the camera-chip specialist is back in Apple's good graces. When the iPad 3 is unveiled on Wednesday, Baird expects OmniVision cameras front and back. If Apple introduces a smaller, seven-inch version of the popular tablet as well, Baird thinks OmniVision would sweep that contract, too.

If that rosy outlook weren't enough, Baird even expects the company to make a comeback in the next iPhone as a second supplier to fresh incumbentSony (NYS: SNE) .

OmniVision shares jumped as much as 8.7% on the bullish note, which came complete with a "buy" upgrade and a $23 price target. For the record, Baird's target price is 45% above last night's closing price.

The upgrade aligns Baird with recent OmniVision bull, Canaccord Genuity, which sees an opportunity to "recapture market share in the smartphone segment" with a $20 target. But, not every analyst sings OmniVision's praises: Lazard Capital sees "no further upside" to OmniVision's Apple business in 2012 and thinks the stock is fairly valued already.

OmniVision investors have learned to fear Baird already. The firm was among the first to suggest that Sony had won the main camera spot in the iPhone 4S (by any other name). These guys have proved their mettle in this very specific field, and I wouldn't be surprised if Baird nailed this call too. I wrote that old warning off as unrealistic, but was proven wrong when the iPhone finally showed up.